Daniel Foch, Daniel Clark, and Adam Darvay recently stopped by Mackay Laneway House to film a last-minute video tour before the new tenants move in. They had quite the rig setup (see above). There was also a drone flying around that is not pictured here.… Read More
Monthly archives of “April 2021”
Scarcity and stories
Scarcity. FOMO. Scott Galloway is right. In this recent post, he talks about why humans are programmed to chase scarcity and why blockchains (specifically NFTs) could represent something incredibly meaningful for not just the art world but for many other asset classes. Here’s an excerpt… Read More
Toronto condos on the rise again
CIBC Deputy Chief Economist Benjamin Tal was recently interviewed by Larysa Harapyn of the Financial Post about the state of the housing market in the Greater Toronto Area. The message he delivers is pretty clear: “If you think that Toronto is unaffordable now, you wait.”… Read More
Penthouse at 388 Richmond Street West sells for $2.4 million
My friend Christopher Bibby — who is a real estate agent here in Toronto — is in the Globe and Mail today talking about how Toronto-area buyers have returned to downtown. The article is by Carolyn Ireland and in it Bibby cites two of his… Read More
The new Miami
The last year has been challenging for the hospitality industry. But at the same time, it was a good year to renovate. The W South Beach recently unveiled a $30 million renovation project that includes all 357 rooms. Designed by local studio Urban Robot Associates,… Read More
Net domestic migration is still pretty suburban
For years, the data has been clear. Many Americans are moving from expensive cities, like Los Angeles, to less expensive metropolitan areas like Dallas-Fort Worth. But Wendell Cox’s recent article over at New Geography is a good reminder that these data sets can be limited.… Read More
From social housing to highly desirable in Stockholm
Feargus O’Sullivan is back with another Bloomberg CityLab article about “the iconic home designs that define our global cities.” In this recent article he focuses on the Barnrikehus of Stockholm (and also talks about Sweden’s housing market in general). Originally built in the 1930s, the… Read More
Returning to an office-centric culture
Earlier this week, Amazon announced that it plans to return to an “office-centric culture” as its baseline. Its rationale was that being in an office allows the company to better “invent, collaborate, and learn together.” All of this was laid out in an announcement that… Read More
The Koblick House by Richard Neutra
I came across the above photo this morning. If you can’t see it, click here. It’s a photo of the Koblick House in Los Angeles designed by Richard Neutra and Gregory Ain for art professor Harry Koblick. Built into the hills of Silver Lake in… Read More
Second home and investor mortgage applications accounted for 14.1% of all applications in February
As a follow-up to my recent post about the rise of the second home, here is a chart (via the WSJ) showing second home and investor mortgage applications as a share of all applications in the US. In February of this year (2021), second home… Read More